Open AccessCorrelation of Communication and Compensation and Benefits on Employees Performance Mediated by Motivation Research on Companies Merger and Acquisition in Indonesia in Oil and Natural Gas Industry
Author(s) -
Amalia Nur Kucaladevi,
Sofyan Hernando Etim,
Dodi Thaufik Fathurokhman,
Tengku Mohd. Khairal Abdullah Razmjoo Okeowo
Publication year - 2021
Publication title -
journal of business and management studies
Language(s) - English
Resource type - Journals
ISSN - 2709-0876
DOI - 10.32996/jbms.2021.3.2.18
Subject(s) - sobel test , mediation , business , context (archaeology) , path analysis (statistics) , compensation (psychology) , petroleum industry , marketing , psychology , computer science , engineering , psychoanalysis , paleontology , machine learning , environmental engineering , political science , law , biology
Merger and Acquisition (M&A) is a common business practice in the twenty-first century. In M&A, human resource is the key to its success especially to create value-added for the company. Thereby, employees' performance shall be understood by the company towards its objectives. The purpose of this research is to examine what factors have potential effects on employees' performance in the context of companies after acquisition. Factors analyzed are communication and compensation & benefits, using motivation as a mediation factor on the relation between the factors to the employee's performance. Quantitative method is used in this research, whereas the data is collected by online questionnaire to 215 respondents of employees in four oil and gas companies in Indonesia after their acquisition by the state-owned enterprise within the period 2015-2018. Data analysis is processed with the help of SPSS of path analysis and Sobel test to test the hypotheses. Findings show that communication and compensation & benefits have a significant correlation on employees' performance. In addition, Motivation as a mediation variable also intervenes the correlation of communication and compensation & benefits to employees' performance.